In addition, Super Group saw higher general and administrative expenses of $1.5 million, compared to $0.6 million a year ago. This was primarily due to the writing off of damaged or obsolete inventories.
SINGAPORE (Feb 28): Super Group posts earnings of $15.5 million in the fourth quarter ended Dec 31, slipping marginally from earnings of $15.7 million a year ago.
This was mainly due to lower gross profit margin of 35% in 4Q, compared to 39% a year ago, as a result of higher raw material costs and a higher composition of lower-margin food ingredients sales.
